Santa Clara, Calif. -- OmniVision Technologies (OVTI), a Santa Clara-based developer of digital imaging technology, said on Thursday it will be acquired by Chinese private equity firms Hua Capital Management, CITIC Capital and GoldStone Investment in a deal worth $1.9 billion. OmniVision stockholders will receive $29.75 a share in cash under the agreement, which has been unanimously approved by the company's board. "With our new partners' knowledge and insight and the added flexibility that we will have as a private company, OmniVision will be able to focus on reaching the next level of growth," said Shaw Hong, the company's chairman and CEO. Hong is expected to remain in his current roles. OmniVision's CameraChip and CameraCubeChip products are single-chip CMOS image sensors used in products such as mobile phones, tablets and webcams.http://www.ovt.com http://www.prnewswire.com/news-releases/omnivision-to-be-acquired-by-hua-capital-management-citic-capital-and-goldstone-investment-for-2975-per-share-in-cash-300075052.html _____________________________________________

o WSJ: Faulty Component Slows Apple Watch Rollout

Cupertino, Calif. -- Apple will be forced to limit the availability of its highly anticipated Apple Watch after a key component from one of two suppliers was found to be defective, The Wall Street Journal reported. The defective part, called a "taptic engine," is designed to alert wearers by sending a tapping sensation down their wrists. The Journal reported that some units made by China's AAC Technologies , however, began to break down over time. Cupertino-based Apple has since moved nearly all production of the component to Japan's Nidec. The company, which began taking orders for the watch on April 10 and shipped the first units to customers on Friday, reportedly told some of its suppliers last week to slow production until June, without explaining why. http://www.wsj.com/articles/apple-watch-faulty-taptic-engine-slows-roll-out-1430339460 _____________________________________________

o Francisco Partners to Acquire ClickSoftware, Take it Private

San Francisco -- Francisco Partners, the San Francisco-based private equity firm, said on Thursday it will pay $438 million to acquire Massachusetts-based ClickSoftware Technologies, a developer of automated mobile workforce management and optimization tools, and take the company private. Francisco will pay $12.65 a share under the deal, which is expected to close in July. "ClickSoftware is a leader in the mobile workforce management space, and we look forward to combining our expertise with its talented team of professionals to further enhance its cloud solutions, grow its customer pipeline and further advance its strategic goals," said Matt Spetzler, a partner at Francisco Partners, in a statement. http://www.clicksoftware.com/ http://ir.clicksoftware.com/phoenix.zhtml?c=122672&p=irol-newsArticle&ID=2042037 _____________________________________________

o Mountain View-Based Omnicell Acquires Avantec Healthcare

Mountain View, Calif. -- Further expanding in the U.K., Mountain View-based Omnicell, a developer of medication and supply management tools for healthcare systems and pharmacies, said on Thursday it has acquired longtime-partner Avantec Healthcare. Financial terms of the deal were not disclosed. Avantec develops medication and supply automation products, and has been the exclusive U.K. distributor of Omnicell products since 2005. Avantec has installed more than 900 systems in 80 National Health Service (NHS) and private hospitals. Omnicell has been growing rapidly in the U.K., last year acquiring U.K. medication adherence packaging provider Surgichem and recently completing its acquisition of MACH4 Pharma Systems, a manufacturer of robotic medication dispensing systems.http://www.omnicell.com http://www.omnicell.com/News_and_Events/Press_Releases/Omnicell _Increases_UK_Commitment_and_Presence_with_Acquisition_of_Avantec _Healthcare_Limited.aspx _____________________________________________

o Goodwill Teaming with S.F.-Based Uber for Donation Delivery

San Francisco -- Charitable organization Goodwill Industries said it will team up with San Francisco-based on-demand car service Uber for a nationwide mobile donation campaign. This Saturday, donors will be able to use Uber's app to request free pickups for their donations, which will be delivered to their local Goodwill store by an Uber driver. It marks the first time that Goodwill and Uber have partnered on a nationwide campaign, building off the success of local promotions in the New York, Boston and San Francisco areas. The partnership will be available in more than 50 cities across the U.S. http://blog.uber.com/springcleaning2015 _____________________________________________

(San Mateo, Calif.) San Mateo-based NetSuite, a developer of cloud-based financial and enterprise resource planning software, on Thursday named Mike Arntz, as its senior vice president of sales for the Americas. Arntz most recently served as the executive vice president of worldwide sales at Kenandy, and previously spent nearly 20 years in sales at Oracle. http://www.netsuite.com/portal/company/pressreleases/04-30-15.shtml

(Palo Alto, Calif.) Palo Alto-based Sysorex, a provider of big data software and infrastructure, said on Thursday it has paid $3.8 million to acquire the assets of LightMiner Systems, maker of a high-speed database management system. The deal included the company's big data analytics software platform and two pending patent applications. LightMiner founder Chris Baskett will join Sysorex as its vice president of engineering. http://www.lightminersystems.com/http://www.sysorex.com/news/

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The MIT Sloan CIO Symposium will help CIOs to invent their future and accelerate success through technology. CIOs will engage with business leaders, technology trendsetters, and academic thought leaders in panel discussions and explore new thinking and practices. Panel discussions include: Academic Keynote Panel -- The Impact of Automation; Platform Shift -- How New Business Models are Changing the Shape of Industry, and the Role of CIOs; Leading Digital: A Manifesto for IT and Business Executives; The Board, CEO and CIO Roles in Dealing with Digital Disruption; Cybersecurity - New Approaches to Assessing and Maximizing Your Protection; Demand Shaping: How IT Becomes a Distinctive Advantage; and Cashing in on Your Data. Use code 15NETECHWIRE when registering for a $200 discount. Register at www.mitcio.com. ____________________________________________

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